Many marina insurance policies exclude pollution coverage or may be very limited. Business owners may have problems with third parties dumping waste, leaking storage tanks or fuel spills – leaving the marina owner responsible for its cleanup and potential fines. If the marina owner sells the business, a Phase I Environmental Site Assessment may find contamination that costs thousands to be cleaned up.
To learn more about marina pollution insurance coverage, contact Dave Quinn at 908-256-6576 or dquinn@naesip.com.
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For information about pollution insurance for marinas, download: